Current through September 30, 2024
Section 797.13 - Requests for administrative offset where NCUA is the creditor agency(a) NCUA may request that a debt owed to NCUA be collected by administrative offset against funds due and payable to a debtor by another agency.(b) In requesting administrative offset, NCUA, as creditor, shall certify in writing to the agency holding funds of the debtor:(1) That the debtor owes the debt;(2) The amount and basis of the debt; and(3) That NCUA has complied with the requirements of its own administrative offset regulations and the applicable provisions of the FCCS with respect to providing the debtor with due process.